TransCanada Corp and Phoenix Energy Propose New Pipeline
TransCanada Corp (TRP) and Phoenix Energy Holdings Ltd. have announced a proposal to build a C$3 Billion pipeline project in northern Alberta. Named the Grand Rapids Pipeline, it will carry crude oil and diluent (a kind of thinner to help the crude flow freely through the pipelines) from the Athabasca oil sands northwest of Fort McMurray 500 km south to the Edmonton-Hartland area. The pipeline will help fill the increasing need for oil transportation infrastructure surrounding the even growing oil sands regions of northern Alberta. The routing of the Grand Rapids Pipeline has yet to be finalized, with specific concerns …